Art Gobblers, CryptoPunks, BAYC, Azuki and more NFT projects outperformed in October’s NFT Market

SNEAK PEEK

  • Art Gobblers has helped Blur to go ahead of OpenSea as well as other popular NFT markets in ETH volume.
  • Yuga Labs’ valuation was at a $4 billion post-money valuation following March’s $450 million funding round.
  • Art Blocks collections- Gazers and Chromie Squiggle, have performed brilliantly in October.

Known for being volatile, the NFT market has faced a tough time in the bear market. However, October turned out to be a sigh of relief for a few NFT projects. 

Art Gobblers, a new NFT project launched on October 31 on the marketplace Blur, raised $23 million in ETH in its initial 24 hours. The project has made a trade volume of 26,759 ETH until now with 18 ETH as the average price.   

Presently, there are less than 2,000 NFTs on the Art Gobblers space, which indicates that certain trades can have an impact on floor prices. Only two days after the release, its cheapest NFT is available for 15.9 ETH.

According to DappRadar’s assessment as of November 1, Yuga Labs collections BAYC and CryptoPunks have got back $1 billion valuation status. 

In the last 30 days, sales number, volume and number of traders were down. However, there was an increase in the market cap by over 6% to a $1.09 billion market cap.

CryptoPunks too faced a decrease in October by 14% in terms of volume; however, had an increase of 30% in market cap that closed at a $1.05 billion valuation. 

Moving on to another collection that has done exceptionally great is the Art Blocks collection Gazers. Based on OpenSea analytics, the numbers have gone up in the last 30 days. 

The trading volume was at 414 ETH at the time of writing, which is a spike by 74%. The floor price was up by 46% at 25 ETH. 

Gazers has just 1,000 NFTs in its collection; hence, boost in trades and sales led to a major spike in the floor price. The maximum Ether paid for it in October was 25 ETH. 

Moreover, Chromie Squiggle, another renowned Art Blocks collection, sold an NFT on October 4 for 34 ETH. In the last 30 days, the project saw an increase of 93% in terms of sales with 164 ETH and trading volume with 2,345 ETH.  The current floor price is 15.9 ETHwhich is up by 41%.

Reddit’s Avatar NFTs witnessed sudden increase during October end and reached a $2 million daily transaction volume, which shows an increase by 14x as compared to September; thus, reached a $100 million market cap. However, since then, there’s been a decline in the daily transaction volume and the market cap is under $70 million. 

The Azuki NFT project also made a record for the most costly skateboards sales in history on the same weekend when Reddit earned success. In an auction, nine “Golden Skateboard” NFTs were sold for $2.5 million with the most expensive sold for 309 ETH.